Business Segment Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Business Segment Information

9. BUSINESS SEGMENT INFORMATION

Apache is engaged in a single line of business. Both domestically and internationally, the Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. At September 30, 2015, the Company had production in four countries: the United States, Canada, Egypt, and the United Kingdom (U.K.) North Sea. Apache also pursues exploration interests in other countries that may, over time, result in reportable discoveries and development opportunities. Financial information for each country is presented below:

	United											Other
	States			Canada			Egypt(1)		North Sea			International		Total(3)
	(In millions)
For the Quarter Ended September 30, 2015
Oil and Gas Production Revenues	$	639		$	116		$	500	$	317		$	—	$	1,572
Operating Income (Loss)(2)	$	(4,253	)	$	(1,022	)	$	43	$	(474	)	$	—	$	(5,706	)
Other Income (Expense):
Other															(76	)
General and administrative															(86	)
Impairments															(367	)
Financing costs, net															(107	)
Loss Before Income Taxes														$	(6,342	)
For the Nine Months Ended September 30, 2015
Oil and Gas Production Revenues	$	2,066		$	387		$	1,696	$	1,013		$	—	$	5,162
Operating Income (Loss)(2)	$	(13,800	)	$	(3,336	)	$	361	$	(1,718	)	$	—	$	(18,493	)
Other Income (Expense):
Other															(59	)
General and administrative															(279	)
Impairments															(367	)
Transaction, reorganization, and separation															(120	)
Financing costs, net															(240	)
Loss Before Income Taxes														$	(19,558	)
Total Assets	$	12,806		$	2,438		$	7,788	$	4,323		$	457	$	27,812
For the Quarter Ended September 30, 2014
Oil and Gas Production Revenues	$	1,481		$	268		$	910	$	522		$	—	$	3,181
Operating Income (Loss)(2)	$	(988	)	$	11		$	481	$	124		$	—	$	(372	)
Other Income (Expense):
Derivative instrument gains (losses), net															273
Other															(13	)
General and administrative															(111	)
Transaction, reorganization, and separation															(34	)
Financing costs, net															(60	)
Income Before Income Taxes														$	(317	)
For the Nine Months Ended September 30, 2014
Oil and Gas Production Revenues	$	4,515		$	879		$	2,849	$	1,800		$	—	$	10,043
Operating Income(2)	$	354		$	131		$	1,601	$	268		$	—	$	2,354
Other Income (Expense):
Derivative instrument gains (losses), net															79
Other															(4	)
General and administrative															(332	)
Transaction, reorganization, and separation															(66	)
Financing costs, net															(157	)
Income Before Income Taxes														$	1,874
Total Assets	$	30,613		$	7,100		$	7,246	$	6,824		$	557	$	52,340

⁽¹⁾  Includes a noncontrolling interest in Egypt.

⁽²⁾  Operating Income (Loss) consists of oil and gas production revenues less depreciation, depletion, and amortization, asset retirement obligation accretion, lease operating expenses, gathering and transportation costs, and taxes other than income. The operating income (loss) of U.S., Canada, and North Sea for the third quarter of 2015 includes non-cash write-downs of each region’s carrying value of oil and gas properties of $4.3 billion, $973 million and $447 million, respectively. For the first nine months of 2015, operating income (loss) of U.S., Canada, and North Sea includes non-cash write-downs of each region’s carrying value of oil and gas properties of $13.9 billion, $3.2 billion, and $1.7 billion, respectively. During the third quarter of 2014, U.S.’s operating income (loss) includes $1.5 billion of non-cash write-downs of the carrying value of oil and gas properties. North Sea’s operating income for the third quarter and first nine months of 2014 include non-cash write-downs of the carrying value of oil and gas properties totaling $17 million and $220 million, respectively.

⁽³⁾  Amounts for 2014 have been restated to exclude Argentina and Australia discontinued operations. Total Assets for the 2014 periods also excludes $8.7 billion of divested Australian assets.